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Risk Rallies Alongside Yields on Nord Stream Pipeline News

CROSS ASSET
  • Equity gains gather pace following that Nord Stream headline, with the e-mini S&P narrowing the gap with yesterday's highs at 3909.50, following yields higher and putting the US 10y at ~3.025%.
  • In Europe, Bund futures hit the day's lows on the move, touching 150.62 to near the first support at Jul 11's 149.75.* The impact also seen across European energy prices, with TTF pulling lower and returning to flat on the day

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